Implementing a VAT tax for the first time is moving toward a fair tax??
Herman's 9% sales tax is NOT a VAT. Go read the article.
How in the heck do you come up with calling any part of his plan a VAT?
Cain’s 999 plan is a proposal to eliminate all taxes except for:
Reducing the federal personal income tax from five rates (10/15/25/33/35) to a single 9% rate.
Reducing the federal corporate income tax rate from 35% to 9%.
Instituting a national sales tax of 9%.
According to Cain, his 999 plan is revenue-neutral – i.e., it will generate the same revenue as the current system, but in a simpler, fairer way that will stimulate the economy.
If you go to Cain’s website, however, you will learn that the 999 plan is merely Phase Two of Cain’s three-phrase program. Phase One is called the Immediate Boost phase, and it consists of establishing a flat tax of 25% on personal and corporate income, while eliminating the Social Security and Capital Gains taxes. Phase Three is titled the Fair Tax, and it consists of a 23% national sales that that would replace all other federal taxation on persons and corporations.
Sorry either you are completely ignorant of 9-9-9 or what a VAT tax is. People in the news media who throw out the term VAT in regards to 9-9-9 are either ignorant are knowingly lying. VAT taxes every level of production and hides the cost of the tax inside the cost of goods. It makes all business the Government's cut out tax collector. Therefore VAT is a much more opaque and different form of taxation then a Sales Tax which taxes only at the final point of sale.
VAT is a completely different form of taxation then what is in the 9-9-9 plan. >
Those commentators that throw out the term "VAT" in relationship to 9-9-9 are either completely ignornat of what is in 9-9-9 or knowingly lying.